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It usually does many months before the bottom. Pretty sure it's the most deeply cyclical quality company I have ever followed. You can make 50-100% in a year or two if you don't jump in too soon. I won't be at all shocked if it heads for $50. PE is still high compared to historical. I've seen it trade at 5 PE. They are still manufacturing a commodity.
Anyone have any updated thoughts on SOFI since earnings report? I've successfully sold options on the drop but I am seriously considering it as a spec I am willing to hold a few years if necessary. I have zero spec shares now and this looks like a decent one.
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MU is a buy @ 10 P/E, above that there isn't enough margin of safety
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Yeah, maybe you can give it a point or two more because the market is loco but that's about it. You can always wait out MU if you mess up but it's more fun to make a quick 50-100% if you get the timing anywhere near close to right. New bag holders for years every time it tops out and the falling knife takes new victims.
It usually does many months before the bottom. Pretty sure it's the most deeply cyclical quality company I have ever followed. You can make 50-100% in a year or two if you don't jump in too soon. I won't be at all shocked if it heads for $50. PE is still high compared to historical. I've seen it trade at 5 PE. They are still manufacturing a commodity.
Anyone have any updated thoughts on SOFI since earnings report? I've successfully sold options on the drop but I am seriously considering it as a spec I am willing to hold a few years if necessary. I have zero spec shares now and this looks like a decent one.
[/quote]
MU is a buy @ 10 P/E, above that there isn't enough margin of safety
[/quote]
Yeah, maybe you can give it a point or two more because the market is loco but that's about it. You can always wait out MU if you mess up but it's more fun to make a quick 50-100% if you get the timing anywhere near close to right. New bag holders for years every time it tops out and the falling knife takes new victims.